The Casper Network has prioritized decentralization as a core focus. This year, we strengthened this focus by introducing a new, community-centered vision that establishes decentralization as a practical framework for how we operate and grow our network.
The new governance model we are transitioning to builds upon the foundations of transparency, accountability, and fairness. Since joining Casper as CTO, my primary focus has been to enhance our governance to reflect these values, and On-Chain Governance is a key step in achieving this vision. This model empowers validators to actively shape Casper’s future by participating in decisions that impact the entire network. A notable example of this progress is the second On-Chain vote we recently concluded, which I will discuss next.
Those who join Casper community calls may recall that the first On-Chain Vote was passed in mid-November. We are pleased to have followed it with an impactful second vote, which was concluded in early December.
The Casper Forum quickly became fertile ground for great ideas and critical decisions that advance our network. The proposal for the second vote emerged from the Governance Forum as an idea, which was shaped by the valuable feedback from the validators shared on the forum.
The second On-Chain vote ran from December 5 to December 8, 2024. During this period, validators reviewed the proposal and cast their votes.
As for the focus of the vote, we wanted to formulate a Delegation Policy for the Casper Association in collaboration with the broader validator community, which aimed to address topics including; delegation round duration, validator selection count, eligibility criteria for delegation, and mechanisms for redelegation if minimum requirements are not met.
Here is how the voting process works:
Validators cast their votes by sending tokens tied to their validator nodes to one of three designated addresses: For, Against, or Abstain. This system ensures that only active validators participate, with their votes weighted based on their relative network stake, ensuring that each delegator (CSPR holder that stakes) is proportionally represented.
The results are quorum-adjusted, meaning only For and Against votes are counted to determine the outcome, excluding abstentions. A simple majority of these adjusted votes is required for a proposal to pass, provided that at least 50% of the network’s weight participates in the vote.
The results of the second vote are as follows:
For: 29.19%
Against: 15.26%
Abstain: 19.04%
Didn’t Vote: 36.51%
The proposal passed with a simple majority of participating votes, meeting the quorum requirement of 50% network weight.
Now that the Casper Association Delegation Policy has been approved, the next phase is implementation. We will finalize and deploy the open-source scripts needed to collect data, evaluate validator eligibility, and allocate funds. These scripts will automate much of the process and ensure that the policy is enforced consistently and transparently.
Looking ahead, we will continue to hold more On-Chain Votes to address new proposals and refine our governance model. By empowering and incentivizing validators to participate and play an active role in governance, alongside informing and engaging delegators about pending governance topics, we are ensuring that the network evolves in a way that reflects the values and priorities of its participants.
I remain excited about what lies ahead and want to thank the validators who participated in this vote and contributed their feedback during the proposal phase. Your engagement is what makes decentralized governance possible, and I look forward to working together as we continue to shape the future of the Casper Network.
Michael Steuer,
CTO, Casper Association
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